Industry News

Industry Roundup: ​Trump Set to Undergo Questioning in July in Insurance Probe; Helping Commercial Clients Prepare for a Hurricane; The Reasons it’s so Hard to Insure Cryptocurrency Operations

​Trump Set to Undergo Questioning in July in Insurance ProbeFormer President Donald Trump, his namesake son and his daughter Ivanka have agreed to answer questions under oath next month in the New York attorney general's civil investigation into his business practices, unless their lawyers persuade the state's highest court to step in.Helping Commercial Clients Prepare for a HurricaneThe 2022 Atlantic hurricane season began on June 1, and with most predictions pointing toward an above-average amount of activity this year, it's imperative that insurers check with their commercial clients to ensure they're properly prepared.Tech Firms Selling Insurance: 'Do You Want Fries with That?'As more companies from…

Continue ReadingIndustry Roundup: ​Trump Set to Undergo Questioning in July in Insurance Probe; Helping Commercial Clients Prepare for a Hurricane; The Reasons it’s so Hard to Insure Cryptocurrency Operations

Industry Roundup: ​3 Unintended Consequences of Well-Intentioned Cyber Regulations; Autonomous Vehicles: Predictions vs. Truth; North Atlantic Hurricane Season Begins with Ripe Conditions for Above-Average Activity; Acrisure Touches $23B in Valuation

​​3 Unintended Consequences of Well-Intentioned Cyber RegulationsPolicymakers worldwide are stepping up efforts to create cyber regulations that can help mitigate and boost society's resilience against these threats and assert control over how some technological innovations are used.    Autonomous Vehicles: Predictions vs. TruthThe cause of most accidents is human error; distracted driving, speeding, drunk driving and reckless driving are the top four causes of accidents. If we could eliminate these and other driver-related factors, the number of accidents would significantly drop.North Atlantic Hurricane Season Begins with Ripe Conditions for Above-Average ActivityThe pre-season forecast update for North Atlantic hurricane activity continues to forecast 18 named storms, eight hurricanes…

Continue ReadingIndustry Roundup: ​3 Unintended Consequences of Well-Intentioned Cyber Regulations; Autonomous Vehicles: Predictions vs. Truth; North Atlantic Hurricane Season Begins with Ripe Conditions for Above-Average Activity; Acrisure Touches $23B in Valuation

Industry News: Insurers Raise Cyber Rates Significantly Amid Costly Losses; A New Generation of Independent Agents Calls for New Hiring Tactics; U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005

​Is That 18-Year-Old Driving Your Commercial Truck?Driver shortages have led to trucking companies exploring options to recruit new drivers, but is lowering the age requirement the best option?Tesla Bets It Can Bring Down Insurance Costs, Make Driving SaferTesla Insurance is offering comprehensive coverage and claim management for Tesla owners in select U.S. states, with additional states coming in the future and says they can do it cheaper.New York Accuses Amazon of Discriminating Against Pregnant and Disabled WorkersThe New York State Division of Human Rights has filed a complaint against Amazon.com Inc. accusing the online retailer of discriminating against pregnant and disabled workers.Insurers Raise Cyber Rates…

Continue ReadingIndustry News: Insurers Raise Cyber Rates Significantly Amid Costly Losses; A New Generation of Independent Agents Calls for New Hiring Tactics; U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005